Natural Gas Makes Energy Affordable

April 13, 2017

CEA’s David Holt spoke about the proposed Richmond fracking ban.

When a community is considering rejecting local energy development, it’s important to consider how the shale gas revolution has profoundly changed the U.S. energy landscape in less than a decade and the tremendous benefits that our local Richmond families and small businesses have seen because of it. IHS Economics has found that low natural gas prices, courtesy of record-sized increases in domestic shale production, helped the average American — including Virginians — pocket an extra $1,337 in 2015. When businesses and families have more disposable income they have more opportunities. For businesses, that means new products and hiring more employees. For families, that translates into being able to afford a new car or lawn mower or a vacation.